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Kenya Power - what's the latest?
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maka
#531 Posted : Thursday, November 12, 2020 10:03:52 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:
muandiwambeu wrote:
Angelica _ann wrote:
[quote=VituVingiSana]KPLC lied to prez re: last mile says Standard. CEO is Tarus.
KPC drama in 1.2bn SCADA project. Former CEO Tanui. Current CEO Sang.

I continue to stay far away from from GoK owned, controlled or heavily influenced firms.
My sole exception is KenRe but I watch it carefully. Any sign of funny business and I cut and run.
Safaricom, despite GoK Treasury's 25%, is controlled by Vodafone (40%). That has saved the firm from being a cash cow for connected folks.

Thieves, Thieves, Thieves ............ glad i bailed out

I did call this a peny stock on fundamentals. Those who are looking to what was is and is to come should know the pay cheque is booked by allien bound for mars. Kplc will in less than three years declare unsurmountable shocks rivalling kqs 2014 or 2015. Do figure or Wait and see how shxt do hit the fan.


Reminded me of this story...

Kenya Power has taken loans worth Sh105 billion, as it accumulates debt to fund its large infrastructure projects. A breakdown of the loans in its 2016 financial statements shows that the company has been most aggressive in accumulating credit in the last three years, doubling its debt from the Sh53 billion it had at the end of June 2014. The loan uptake has seen interest rates emerge as one of the main risks for the company to watch out for...


https://www.standardmedi...funds-for-mega-projects[/quote]


It was written....
possunt quia posse videntur
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Ericsson
#532 Posted : Thursday, November 12, 2020 10:20:47 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
maka wrote:
maka wrote:
muandiwambeu wrote:
Angelica _ann wrote:
[quote=VituVingiSana]KPLC lied to prez re: last mile says Standard. CEO is Tarus.
KPC drama in 1.2bn SCADA project. Former CEO Tanui. Current CEO Sang.

I continue to stay far away from from GoK owned, controlled or heavily influenced firms.
My sole exception is KenRe but I watch it carefully. Any sign of funny business and I cut and run.
Safaricom, despite GoK Treasury's 25%, is controlled by Vodafone (40%). That has saved the firm from being a cash cow for connected folks.

Thieves, Thieves, Thieves ............ glad i bailed out

I did call this a peny stock on fundamentals. Those who are looking to what was is and is to come should know the pay cheque is booked by allien bound for mars. Kplc will in less than three years declare unsurmountable shocks rivalling kqs 2014 or 2015. Do figure or Wait and see how shxt do hit the fan.


Reminded me of this story...

Kenya Power has taken loans worth Sh105 billion, as it accumulates debt to fund its large infrastructure projects. A breakdown of the loans in its 2016 financial statements shows that the company has been most aggressive in accumulating credit in the last three years, doubling its debt from the Sh53 billion it had at the end of June 2014. The loan uptake has seen interest rates emerge as one of the main risks for the company to watch out for...


https://www.standardmedi...funds-for-mega-projects[/quote]


It was written....


And that was the Jubilee manifesto
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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HaMaina
#533 Posted : Thursday, December 10, 2020 3:12:22 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Ericsson wrote:
maka wrote:
maka wrote:
muandiwambeu wrote:
Angelica _ann wrote:
[quote=VituVingiSana]KPLC lied to prez re: last mile says Standard. CEO is Tarus.
KPC drama in 1.2bn SCADA project. Former CEO Tanui. Current CEO Sang.

I continue to stay far away from from GoK owned, controlled or heavily influenced firms.
My sole exception is KenRe but I watch it carefully. Any sign of funny business and I cut and run.
Safaricom, despite GoK Treasury's 25%, is controlled by Vodafone (40%). That has saved the firm from being a cash cow for connected folks.

Thieves, Thieves, Thieves ............ glad i bailed out

I did call this a peny stock on fundamentals. Those who are looking to what was is and is to come should know the pay cheque is booked by allien bound for mars. Kplc will in less than three years declare unsurmountable shocks rivalling kqs 2014 or 2015. Do figure or Wait and see how shxt do hit the fan.


Reminded me of this story...

Kenya Power has taken loans worth Sh105 billion, as it accumulates debt to fund its large infrastructure projects. A breakdown of the loans in its 2016 financial statements shows that the company has been most aggressive in accumulating credit in the last three years, doubling its debt from the Sh53 billion it had at the end of June 2014. The loan uptake has seen interest rates emerge as one of the main risks for the company to watch out for...


https://www.standardmedi...funds-for-mega-projects[/quote]


It was written....


And that was the Jubilee manifesto


Tuombe aliyetuumba, atusaidie kuomba zaidi. Wengine watatulipia.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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HaMaina
#534 Posted : Thursday, December 10, 2020 3:14:08 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
At this rate I wouldn't be surprised if it hits -1 bob.Sad Sad
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Blukes
#535 Posted : Friday, December 11, 2020 10:57:34 AM
Rank: New-farer

Joined: 3/9/2019
Posts: 22
Location: Nakuru
HaMaina wrote:
At this rate I wouldn't be surprised if it hits -1 bob.Sad Sad

Come baby come,,,sub 1bobDrool
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HaMaina
#536 Posted : Wednesday, September 22, 2021 12:24:36 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
EABL to stop use of Kenya Power in Sh22bn plan
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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VituVingiSana
#537 Posted : Wednesday, September 22, 2021 8:04:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
HaMaina wrote:
EABL to stop use of Kenya Power in Sh22bn plan

I expect to see more of these stories though GoK may selfishly sabotage some projects through delays in licensing or other roadblocks.

Williamson Tea put in another solar power array.
Devki uses coal to fire its boilers.
I think Mombasa Cement has a power plant and some wind turbines in Kilifi.
Bamburi has a power plant which can burn garbage and tyres.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#538 Posted : Wednesday, September 22, 2021 10:16:13 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
HaMaina wrote:
EABL to stop use of Kenya Power in Sh22bn plan


There must be a breakthrough in solar power capture and or storage.

That's the only reason why a KShs 75B turnover firm would invest KShs 2.2B an year for 10 years to offset an item of operating costs.
Life is short. Live passionately.
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VituVingiSana
#539 Posted : Thursday, September 23, 2021 8:07:09 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
HaMaina wrote:
EABL to stop use of Kenya Power in Sh22bn plan


There must be a breakthrough in solar power capture and or storage.

That's the only reason why a KShs 75B turnover firm would invest KShs 2.2B an year for 10 years to offset an item of operating costs.

An average of 2.2bn/year is significant but not overly huge for EABL assuming it is spread out over 10 years and it gets:
- Annual savings will offset some of the 2.2bn.
- Depreciation provides a tax shield.
- Carbon credits?
- Inflation (2.2bn in 2022 > 2.2bn in 2032)

Finally, the 1H21 net turnover was 44.5bn (lower than pre-COVID 1H20) so FY21 is likely to be 80-85bn.

22% Gross Margin of 5bn = 1.1bn which covers 50% of the average CAPEX.
22% Gross Margin of 10bn = 2.2bn which covers 100% of the average CAPEX
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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maka
#540 Posted : Thursday, September 23, 2021 11:13:51 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Interesting how a company can be looted and plundered right before our eyes... Very sad state of affairs at KP.
possunt quia posse videntur
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